Home
Dubai prices
About
Research
Studio · 402 sqftWavez Residence, Liwan · 5th floor · completed 2022

A507, Wavez Residence

Sold prices and rental history: sold twice, last in November 2021, and rented once, from October 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A507 · DLD and Ejari recordsUpdated 4 October 2024
Last soldAED 350K24 November 2021
Current rentAED 36K /yr4 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow A507

Property timeline for A507, Wavez Residence

What is A507 worth today?

Last sold for AED 350,000 in 2021

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

4 Oct 2024RentedRenewal
AED 36,000/yr12 months · AED 90 per sqft
24 Nov 2021SoldOff-plan
AED 350,000AED 870 per sqft
4 Dec 2019Sold by developerOff-plan
AED 360,050AED 895 per sqft

Source: Dubai Land Department. Updated 4 October 2024.

Key facts

Type
Studio apartment
Size
402 sqft
Floor
5th of 10
Parking
1
Developer
Danube Properties Development
Completed
2022
Last sold
AED 350K · November 2021
Building
Wavez Residence

About A507, Wavez Residence

A507 is a studio of 402 sqft on the 5th floor of Wavez Residence, a 10-storey tower in Liwan completed in 2022 by Danube Properties Development. It last sold on 24 November 2021 for AED 350,000, or AED 870 per sqft, in line with the AED 876 studios in the building were fetching at the time.

One Ejari contract is registered, from 4 October 2024. The current contract, renewed on 4 October 2024, is AED 36,000 a year: a gross yield of 10.3% on the 2021 price.

Sales and rents for A507 over time

Sales
Unit A507, each saleTypical studio in Wavez Residence
300K400K500K20192021202320252027Typical sale price by year: 2019 AED 351,750; 2020 AED 350,000; 2021 AED 350,000; 2022 AED 333,500; 2023 AED 370,000; 2024 AED 437,500; 2025 AED 512,500; 2026 AED 537,500Sold by developer, December 2019: AED 360,050 (AED 895 per sqft)Sold, November 2021: AED 350,000 (AED 870 per sqft)

A507 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit A507, each contractTypical studio in Wavez Residence
35K40K45K20232024202520262027Typical rent by year: 2023 AED 37,500; 2024 AED 38,500; 2025 AED 40,500; 2026 AED 45,000Renewal, October 2024: AED 36,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Wavez Residence, and where A507 sits

All 328 studios →

A507 last sold in November 2021 at AED 870 per sqft, in line with what studios in Wavez Residence were fetching at the time (AED 876). Over the last 12 months studios sold for AED 500,000 to 639,999, around AED 1,293 per sqft, and rent for AED 35,000 to 54,320 a year. A507's AED 36,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
11 Feb 2026500,000
10 Feb 2026525,000
6 Feb 2026550,000
30 Jan 2026520,000
11 studio sales in the last 12 months

Wavez Residence

Building

414 apartments, studios to 1-bed over 10 floors in Liwan, completed in 2022 by Danube Properties Development. 14 sold in the last 12 months.

Typical price per sqft
AED 1,278 Up 6.2%
Typical sale
AED 540K
Typical rent
AED 44K /yr
Typical yield
8.1%
Wavez Residence, Liwan: prices, sales and rents →

Other units on the 5th floor

All 414 units in Wavez Residence
Value
A5011-bedAED 615K · Aug 2020
A5021-bedAED 600K · Mar 2020
A5031-bedAED 603K · Oct 2019
A5041-bedAED 730K · Mar 2024
A505StudioAED 379K · Dec 2019
A506AED 515K · Nov 2025
A508StudioAED 382K · Feb 2020
1–7 of 41

A507, Wavez Residence in numbers

  • Sold twice: first on 4 December 2019 for AED 360,050, last on 24 November 2021 for AED 350,000 (AED 870 per sqft).
  • Rented since October 2024 on one Ejari contract, at AED 36,000 a year.
  • At AED 36,000 a year the gross yield on the 2021 price is 10.3%.
  • Studios in Wavez Residence sold for AED 500,000–639,999 in the 12 months to November 2026; the building's median across all types is AED 1,278 per sqft.

Source: Dubai Land Department. Updated 4 October 2024.

Questions about A507, Wavez Residence

What did unit A507 last sell for?

AED 350,000 on 24 November 2021: AED 870 per sqft for 402 sqft. The unit has 2 registered sales; the first was AED 360,050 in December 2019.

What is the rent for unit A507?

AED 36,000 a year on the contract renewed on 4 October 2024.

How big is unit A507?

402 sqft (37.3 sqm): a studio on the 5th floor of a 10-storey tower completed in 2022.

What is unit A507 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Wavez Residence sold for AED 500,000 to 639,999 in the last 12 months, around AED 1,293 per sqft.

Selling A507? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on A507, Wavez Residence

Starts from the last sale price (AED 350K, 24 November 2021). Switch to today's estimate once you have unlocked it.
Price
AED 350,000
Deposit, UAE resident (20%)
AED 70,000
Deposit, non-resident (40%)
AED 140,000
Monthly over 25 years at 3.7%
AED 1,432

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →